Metinvest has set up a trade representative in Spain – Metinvest Iberica. The company will be responsible for strengthening cooperation with Metinvest rolled steel consumers in Spain and Portugal and for services.
Euroasian Economic Commission has informed of the prolongation of the antidumping investigation of hot-rolled carbon and alloyed steel rods, produced in Ukraine and exported to the Customs Union.
In 2014 Yenakievo Iron and Steel Works (EMZ), a part of the Metinvest group, increased its net losses by 55.6%, to 771.82 million UAH YoY (496.01 million UAH in 2013).
In January Ukrainian metal companies produced 1.87 million tons of carbon steel, down by 25.2% YoY.
In January Dneprospetsstal electrometallurgical works (Zaporozhye) produced 15.76 million tons of steel, down by 10.6% MoM.
In January Ukraine imported $37.42 million worth of coke with exports on the level of $1.74 million.
In 2014 Ukraine imported 1.14 million tons of rolled metal as opposed to 1.69 million tons in 2013 (68%).
In January Ukraine exported $66.91 million worth of steel pipes, with exports on the level of $5.09 million.